RES 22-19-� City of Elk River
ver City Council
Resolution 22-19
A Resolution of the City Council of the City of Elk River Authorizing a
Transfer from the General Fund to the Capital Reserve Fund
WHEREAS, The City of Elk River's Financial Management Policies includes a General
Fund Balance policy in which fund balance in excess of 45 percent shall be allocated to other
purposes at the discretion of the City Council.
WHEREAS, The City Council has designated that the unassigned fund balance in the
General Fund be a minimum of 40 percent and a maximum of 45 percent.
WHEREAS, The City Council has considered the various uses of the balance in excess of
the 45 percent and consented to the following.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River, Minnesota, as follows: The transfer of $171,591 from the General Fund balance to
the Capital Reserve Fund.
Passed and adopted this 18th day of April 2022.
Tina Allard, City Clerk
in J. ietz, 1 a or
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